The first volume summarizes the basic design structure of the model; including the constraints; the economic objective function; the optimization methodology; and the basic mathematical formulation. DYNEVAL is a national economic model in which the underlying decision processes are governed by a dynamic balance of value considerations as these considerations are reflected in the power structure of the economy. Whereas most national economic models are designed to project short term trends or business cycles in the normal operation of an economy, DYNEVAL is designed to provide a fundamental assessment of the effect of major economic disruptions on the operation of an economy. Given a major disruption (such as a drastic change in the level of defense expenditures, a cut-off in oil imports, the loss of foreign markets, or the destruction of production facilities), the model shows how capital investment and production resources can be allocated within the economy to mitigate the resulting economic damage; and it provides an assessment of the overall economic impact, assuming an efficient allocation of resources within the economy.

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